An Instrument Which Reads "For Deposit Only" Is an Example

question 41

Multiple Choice

An instrument which reads "For deposit only" is an example of a _____.

• A) qualified indorsement
• B) special indorsement
• C) restrictive indorsement
• D) blank indorsement

Understand the recording and impact of business transactions.

Recognize the assumptions and principles underpinning financial reporting.

Identify the components and purpose of key financial statements.

Understand the difference between service, retail, and manufacturing businesses.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.